News

Ripple Co-Founder uses XRP profits to fund Vast Space

March 25, 2025 1 min read

Jed McCaleb, a co-founder of Ripple and Stellar, is investing his cryptocurrency wealth into space exploration. He has started a new company called Vast Space, which aims to launch Haven-1, the first commercial space station, by 2026. McCaleb, who made billions from selling XRP, is expected to provide significant funding for this project. Max Haot, the CEO of Vast Space, stated that Haven-1 is not intended for tourism. Instead, it

Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500

March 24, 2025 1 min read

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin’s price will rise significantly. He believes it will surpass $110,000 before dropping to $76,500. This prediction comes as the Federal Reserve shifts from tightening to easing its monetary policy. Hayes thinks this change will add liquidity to the market, boosting Bitcoin’s value. He is not worried about tariffs affecting Bitcoin’s price and considers inflation to be temporary. Markus Thielen, founder of 10X

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Decentralized social media Farcaster launches its mainnet

March 24, 2025 1 min read

Farcaster has introduced a new protocol called Snapchain, which is similar to blockchain technology. This announcement came alongside the launch of their “Airdrop Offers” program. This program rewards users for actively engaging with the decentralized social media platform. Co-founder Varun Srinivasan revealed that Snapchain can process over 10,000 transactions per second. The development of Snapchain took only six months, moving quickly from concept to a functioning product. This new system

Fidelity launches an Ethereum-based share class called “OnChain”

March 24, 2025 1 min read

Fidelity Investments is introducing a new share class called ‘OnChain’ for its Treasury money market fund. This initiative is based on the Ethereum blockchain and was announced in a recent filing with the U.S. Securities and Exchange Commission (SEC). Fidelity, which manages about $5.9 trillion in assets, will issue shares of its Fidelity Treasury Digital Fund (FYHXX) that will be recorded on the Ethereum blockchain. The OnChain share class aims

Canary Capital files for that ETF in a registration statement to the SEC

March 23, 2025 1 min read

Canary Capital has submitted a proposal for a new type of exchange-traded fund (ETF) called the Pengu ETF. This would be the first ETF of its kind. The firm is an institutional crypto trading and management company. They filed the registration statement with the U.S. Securities and Exchange Commission (SEC) on Thursday. The Pengu ETF will invest in non-fungible tokens (NFTs) and various cryptocurrencies. Specifically, it will focus on the

Coinbase to acquire Deribit

March 23, 2025 1 min read

Coinbase is in advanced talks to acquire Deribit, a leading trading platform for bitcoin and ether options. This information comes from Bloomberg, which cites anonymous sources. Both companies have informed Dubai regulators about these discussions, as Deribit holds a license there. Any buyer would take over this license. Coinbase is the largest crypto exchange in the U.S., while Deribit is the biggest for options trading. Coinbase has not confirmed the

Strategy plans to raise $711 million for Bitcoin acquisitions and working capital

March 23, 2025 1 min read

Strategy, a business intelligence firm led by Michael Saylor, announced plans to raise about $711 million through a new stock offering called ‘Series A Perpetual Strife Preferred Stock’ (STRF). This move aims to boost its Bitcoin reserves, which are nearing 500,000 BTC. Due to high demand, the company increased its offering from 5 million to 8.5 million shares. Each share is priced at $85. The preferred stock will earn cumulative

Pakistan sets up special electricity tariffs to attract crypto mining

March 23, 2025 1 min read

Pakistan is looking into Bitcoin mining to make use of its excess electricity and develop a regulated digital asset industry. The government plans to introduce attractive electricity tariffs for crypto mining and blockchain data centers. This initiative aims to encourage industries to utilize surplus energy. The new tariffs will be market-based and not dependent on government subsidies. By doing this, the government hopes to lower payments to power producers for

The SEC officially acknowledges the 21Shares spot Polkadot ETF filing

March 22, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has recognized the filing for a 21Shares Spot Polkadot (DOT) ETF. This is an important step in the world of crypto investments. If the ETF is approved, it will let investors access Polkadot (DOT) directly without needing to own the cryptocurrency. 21Shares is a prominent crypto asset manager that aims to create regulated investment products for cryptocurrencies. The filing for the Polkadot ETF

ZachXBT identifies the mysterious 50X Hyperliquid whale as British cybercriminal William Parker

March 22, 2025 1 min read

ZachXBT, a crypto investigator, has identified William Parker, a British cybercriminal, as the “50X Hyperliquid Whale.” Parker, previously known as Alistair Packover, has a background in online fraud, hacking, and casino theft. He reportedly made around $20 million by using high leverage on decentralized crypto platforms. Parker gained notoriety for making large leveraged trades, sometimes up to 50 times, on exchanges like Hyperliquid and GMX. ZachXBT traced him through a

IDA, Progmat, Datachain and TOKI Join Forces to Explore Stablecoin-Based Remittances for Hong Kong – Japan Trade Efficiency

March 22, 2025 4 mins read

IDA Finance Hong Kong Limited (IDA), a leading digital asset company based in Hong Kong, Progmat Inc. (Progmat), a digital assets platform provider backed by Japan’s largest banking groups and technology firms, Datachain, Inc. (Datachain), a leading blockchain firm in Japan, and TOKI FZCO (TOKI), a cross-chain infrastructure provider, have announced a strategic partnership to develop a proof of concept (PoC) to enable stablecoin-based cross-border use cases between Hong Kong and Japan. The PoC seeks to provide